Turnover has grown beyond the £200 million mark at the Manderley Food Group, which owns Tayto in Tandragee, County Armagh, as well as Golden Wonder and Real Crisps snack brands, with pre-tax profits also returning.
The group, which also includes
a property development arm, has reported a turnover of £206.5 million for the year to July 2, 2022, up from £186.7 million in 2021.
The company generated pre-tax profits of £59,848 compared with losses of £771,725 in the previous year.
A statement signed off by the board said: “The result for the year reflected the significant increase in input costs due to reduced availability of certain input commodities and a general inflationary environment post-Covid and the war in Ukraine.
“Whilst the business has been able to service all of its customers’ needs, there was a lag in implementation of price increases from customers.
“The business has now finalised negotiations with all customers to agree new inflationary price increases.
“The group will continue to focus on its core business of crisp and snack food manufacture and work in partnership with its customers to maximise operating efficiencies whilst delivering innovative quality products.”
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